Withdrawal limits at banks, ATMs raised; new Rs 500 notes launched

Withdrawal limits at banks, ATMs raised; new Rs 500 notes launched

1. Bigger crowds were witnessed outside banks and ATMs this morning since most people are off work; the rush was also, in part, due to banks being closed on Monday in some parts of the country. In Delhi, to manage anxious crowds, 3,400 paramilitary personnel and Delhi Police along with 200 quick reaction teams were deployed at ATMs and banks.

2. Delhi chief minister Arvind Kejriwal, who has criticised the government's move to ban the high denomination currency, told NDTV that those standing in long lines have no black money. The government, he said, had alerted its own people.

3. Bengal Chief Minister Mamata Banerjee called up arch rival CPM's Sitaram Yechury, asking him to join hands in the fight the governemnt's move and call on President Pranab Mukherjee together. According to sources, Mr Yechury said he would revert in a couple of days.

4. The nation's largest bank, the State Bank of India, got deposits worth Rs. 75945 crore by Sunday evening.

5.The government had launched the new Rs. 2000 notes last week. But neither that, nor the Rs. 500 notes can be stacked in ATM machines due to a mismatch in tray size. "Recalibration of ATMs will be completed within two weeks," Union finance minister Arun Jaitley had said on Saturday.The government has asked people to exchange old 500 and 1,000 rupees notes by December 30.